Circle Wealth Management LLC increased its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 90.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,936 shares of the specialty retailer’s stock after purchasing an additional 2,821 shares during the quarter. Alibaba Group accounts for approximately 0.4% of Circle Wealth Management LLC’s investment portfolio, making the stock its 29th largest holding. Circle Wealth Management LLC’s holdings in Alibaba Group were worth $1,024,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in BABA. MUFG Americas Holdings Corp acquired a new position in Alibaba Group in the fourth quarter valued at approximately $101,000. Avestar Capital LLC acquired a new position in Alibaba Group in the fourth quarter valued at approximately $102,000. First Eagle Investment Management LLC acquired a new position in Alibaba Group in the third quarter valued at approximately $104,000. Lenox Wealth Advisors Inc. lifted its holdings in Alibaba Group by 2,636.4% in the fourth quarter. Lenox Wealth Advisors Inc. now owns 602 shares of the specialty retailer’s stock valued at $104,000 after acquiring an additional 580 shares during the period. Finally, Trustcore Financial Services LLC acquired a new position in Alibaba Group in the fourth quarter valued at approximately $107,000. 37.76% of the stock is owned by institutional investors.
Shares of Alibaba Group Holding Ltd (NYSE:BABA) opened at $192.74 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.97 and a current ratio of 1.97. Alibaba Group Holding Ltd has a 12-month low of $102.60 and a 12-month high of $206.20. The company has a market capitalization of $488,027.91, a P/E ratio of 49.93, a P/E/G ratio of 1.54 and a beta of 2.57.
A number of brokerages have issued reports on BABA. Vetr raised Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $211.39 price target for the company in a report on Tuesday, February 27th. Sanford C. Bernstein reissued an “outperform” rating and issued a $230.00 price target (up from $205.00) on shares of Alibaba Group in a report on Monday, February 5th. Deutsche Bank boosted their price target on Alibaba Group to $218.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Robert W. Baird boosted their price target on Alibaba Group to $220.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, Susquehanna Bancshares began coverage on Alibaba Group in a report on Wednesday, December 6th. They issued a “positive” rating and a $220.00 price target for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-one have assigned a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $211.22.
About Alibaba Group
Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.
Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Ltd (NYSE:BABA).
Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.